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Understanding the Limits on Savings & Money Market Transactions

Regulation D Requirements

Regulation D limits certain transfers from savings or money market accounts—typically to six per month—so it’s important to understand what counts.

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About Regulation D

The Federal Reserve Board imposes limits on savings to help financial institutions keep enough funds on deposit to meet demand. Regulation D (“Reg. D”) limits the number of monthly withdrawals from a savings or money market account

Regulation D limits the following transactions (any combination) to a maximum of six per account, during each calendar month:

  • Internet transfers to another deposit account
  • Automated funds transfers to another deposit account
  • SmartCall (voice) transfers to another deposit account
  • Phone transfers to another deposit account via our Call Center or local branch
  • Overdraft transfers to a checking account
  • Funds transfers or withdrawals not made in person and payable to a third party, such as a wire transfer

You can learn more about Regulation D, by visiting the official Federal Reserve website or you can view our Fee Schedule.

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